Which of the following statements about the Jai Telangana Party is true?
 
1. Patlolla Indra Reddy founded the Jai Telangana Party after a conference held in Hyderabad.
 
2. Patlolla Indra Reddy merged the Jai Telangana Party into the Congress Party in 1998 after a promise by Y. S. Rajashekar Reddy.
 

1
Only statement 1 is true
2
Only statement 2 is true
3
Both 1 and 2 correct
4
Both 1 and 2 are incorrect

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